Food MArketing & Technology In India CC for web-HIgh Res | Page 25

this fast paced world. Personally, when I return home aft er a long day at work, I look forward to spending time with my cats as they are great stress busters. Th ere are around 5.5 million domestic cats in India. Feline Club of India (FCI) has a database of more than 21,000 cats registered across India. Cat Food Th e increase in the feline population has brought about a change in the market as well, with an increasing the number of products catering to cats’ well-being being introduced in the Indian pet food market which is chiefl y dominated by dog products. Th e cat food market alone was worth INR 663 million in 2013 and has risen to INR 1320 million in 2019 with a record growth of 95.8 percent. Th is segment is estimated to rise to INR 2590 million by 2024. Despite these statistics, the percentage of cats being fed proper cat food is only 1.2 percent, with the rest being fed home-made cat food. Th us, the cat segment presents enormous potential for growth. Cat owners need to be made aware of the importance of proper nutrition in cats’ overall health, activeness, and fur and skin condition. Th is will help them make the decision of switching to scientifi cally prepared cat food which perfectly suits their particular nutritional requirements. People are also gaining awareness about cat care which is evidenced by the increased demand for cat products like litter box, litter sand and cat toys. Cat Litter Cat litter holds massive potential for growth as its use is on the rise amongst urban consumers. However, it is still primarily price-driven as consumers tend to be on the lookout for brands that off er large quantities of cat litter at lower prices. Many cat owners in India still recycle and reuse cat litter, restricting sales. Despite this fact, the potential for greater penetration and usage is high. Th e cat litter segment possesses an overall sales volume of INR 2.6 million, which rose to INR 4.5 million in 2019 with an overall growth of 42 percent and is estimated to reach INR 6.1 million in 2024. While cat litter is still essentially a commodity item, the focus is to encourage people to trade up from not using cat litter to buying it more regularly. Owing to the small but rising cat ownership rate in the country, there is colossal potential for companies to introduce higher margin cat litter products. Some of the latest inventions include low odour, less sticky, faster clumping and lightweight formulations. Healthcare and Dietary Supplements Cat healthcare and dietary supplements division is gaining prominence as it helps extend life expectancy of felines. Th e pet humanisation trend along with rising awareness about health and wellness has soared the sales for pet dietary supplements. Pet owners are increasingly becoming